Right or Wrong? If you owe $3,300 for 7 days in January and $1,000 for 24 days, then the average daily balance (to the nearest cent) is $\frac { ( \$ 3,300 \times 7 ) + ( \$ 1,000 \times 24 ) } { 30 } = \$ 1,570$
A) Wrong
B) Right

Question

Quizplus · Accepted Answer

The calculation provided does not correctly compute the average daily balance. The correct calculation should be: $(\$3,300 \times 7) + (\$1,000 \times 24)$ divided by $31$ (since January has 31 days), not $30$.

Right or Wrong? If You Owe $3,300 for 7 Days ($3,300×7)+($1,000×24)30=$1,570\frac { ( \$ 3,300 \times 7 ) + ( \$ 1,000 \times 24 ) } { 30 } = \$ 1,57030($3,300×7)+($1,000×24)​=$1,570

Right or Wrong? If You Owe $3,300 for 7 Days $\frac { ( \$ 3,300 \times 7 ) + ( \$ 1,000 \times 24 ) } { 30 } = \$ 1,570$